The supermarket giant experienced strong sales for the year to February 25. Domestic sales rose 10.7 per cent and sales abroad increased by 23 per cent.
In the UK, like-for-like sales were up 7.5 per cent, non-food sales up 13 per cent and sales at Tesco.com rose 32 per cent to almost£1 billion.
In a statement the group said increased sales could be attributed to a larger number of customers, as well as a rise in customer spend per visit.
Chief executive Terry Leahy said: 'These results represent good progress across the group in a more challenging year.'
Tesco has also announced it has set aside£100 million to fund sustainable environmental technology. Wind turbines will be installed at some stores alongside solar and geothermal power. The company will also be trialling gasification - a new technology to turn waste into clean, sustainable energy.
The group also announced plans to release£5 billion from its property portfolio over the next five years through a sale and leaseback deal. Of this,£1.5 billion will be used to buy back shares.
Internationally, Tesco opened 238 stores last year, including 72 hypermarkets. There are plans to open a further 392 stores this financial year. The group operates 814 stores internationally.
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